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Term Deposits News

The latest term deposits news and tips

Peter Terlato

Personal Finance Editor

Guaranteed growth: top terms deposits for July 2023

You may want to compare several term deposit accounts to discover those offering the most attractive rates and features that fit your savings goals.

Term Deposits

07 Jul, 2023

2 min read

Guaranteed growth: top terms deposits for July 2023
Alex Ritchie

Personal Finance Editor

How much you could earn with the highest term deposit rates

RateCity has crunched the numbers on the current highest term deposit rates on its database for 12 month, 3-year and 5-year fixed terms, to see how much you could save with these interest rates. 

Term Deposits

04 Jul, 2023

3 min read

How much you could earn with the highest term deposit rates
Peter Terlato

Personal Finance Editor

Lock in savings: top terms deposits for June 2023

If you're thinking about squirrelling away some of your hard-earned savings this winter, you may want to take this opportunity to explore different term deposits offering attractive rates.

Term Deposits

06 Jun, 2023

2 min read

Lock in savings: top terms deposits for June 2023
Peter Terlato

Personal Finance Editor

See your savings swell with RateCity and First Option Bank's exclusive 5% term deposit

To take advantage of this special offer, simply deposit $5,000 or more in a First Option Bank 6-month or 12-month standard term deposit and you’ll earn a fixed rate of 5% annual interest over that period.

Term Deposits

18 May, 2023

3 min read

See your savings swell with RateCity and First Option Bank's exclusive 5% term deposit
Mark Bristow

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in May 2023?

Many Australians were taken by surprise when the Reserve Bank of Australia (RBA) chose to raise the national cash rate by 25 points to 3.85% in May 2023, following a pause the month before.

Term Deposits

12 May, 2023

3 min read

Which banks have hiked term deposit and savings account rates in May 2023?
Peter Terlato

Personal Finance Editor

Maximise your savings: top terms deposits for May 2023

Now may be an opportune time to compare a range of term deposit accounts and the different options that are available.

Term Deposits

12 May, 2023

3 min read

Maximise your savings: top terms deposits for May 2023
Peter Terlato

Personal Finance Editor

Lock in high interest with term deposits in April 2023

If you’re thinking of putting away a portion of your savings for an extended period, now may be the time to consider comparing a range of term deposit accounts and the different options that are available.

Term Deposits

06 Apr, 2023

2 min read

Lock in high interest with term deposits in April 2023
Mark Bristow

Personal Finance Editor

Which banks have hiked term deposits and savings accounts in February 2023?

The ninth consecutive increase to Australia’s national cash rate was revealed last week, making this the fastest hiking cycle in decades. The Reserve Bank of Australia (RBA) has indicated that more rate hikes may be necessary in 2023 to help bring down Australia’s high inflation. This may mean more pain for mortgage holders, savers could potentially benefit from rising rates.

Term Deposits

13 Feb, 2023

3 min read

Which banks have hiked term deposits and savings accounts in February 2023?
Alex Ritchie

Personal Finance Editor

The highest term deposit and savings account rates after the final RBA meeting for 2022

Savers are coming out on top amongst rate hikes, as interest rates climb above 4%. So, which savings accounts and term deposits are offering the highest rates to help your nest egg grow in 2023? 

Term Deposits

06 Dec, 2022

3 min read

The highest term deposit and savings account rates after the final RBA meeting for 2022
Peter Terlato

Personal Finance Editor

Stash your cash with some of the best term deposits in December 2022

The big four banks’ highest term deposit rates were significantly lower before the RBA hikes began in May. Now, the highest rates offered by the big four banks for term deposits are at least 4 per cent. These apply for domestic and international students too.

Term Deposits

06 Dec, 2022

3 min read

Stash your cash with some of the best term deposits in December 2022
Mark Bristow

Personal Finance Editor

Which banks have hiked term deposit and savings account rates in November 2022?

Good news for savers - some of the biggest banks and providers in Australia have hiked rates on their deposit accounts. This may allow Australian savers to benefit from interest rates of 4 per cent or even more on their savings account or term deposit, and grow their wealth more quickly. 

Term Deposits

08 Nov, 2022

4 min read

Which banks have hiked term deposit and savings account rates in November 2022?
Alex Ritchie

Personal Finance Editor

Here's how much you could earn in a 12-month term deposit at the current highest rates

RateCity has crunched the numbers on a $20,000 balance to determine how much you could earn in a 12-month term on the current highest rates on our database.

Term Deposits

28 Oct, 2022

3 min read

Here's how much you could earn in a 12-month term deposit at the current highest rates